Triazine Market Size & Share Analysis - Emerging Trends, Growth Opportunities, Competitive Landscape, and Forecasts (2025 - 2032)

PUBLISHED: February 1, 2025

PAGES: 310 Pages

DELIVERY TIME: 2-3 business days

ADD TO COMPARE

SELECT AN OPTION

The global triazine market is expected to grow from USD 669.88 million in 2024 to USD 1,095.71 million by 2032, at a CAGR of 6.46%. The compound is widely used in the oil and gas industry, particularly for hydrogen sulfide (H2S) scavenging, and also has applications in pharmaceuticals, agriculture, and chemical manufacturing. Triazine's diverse uses, such as in the production of pesticides, herbicides, and corrosion inhibitors, are contributing to its market growth. Moreover, increasing demand for effective sour management chemicals in petrochemical plants is a significant driver for the market.

Key Insights

The 1,3,5-triazine category is the largest, holding 55% of the market share, due to its stability and extensive use in chemicals, oil and gas, and pesticide production.

Monoethanolamine (MEA) remains the leading product category due to its use in oil and gas as an H2S scavenger.

The oil and gas sector dominates the triazine market, holding a 35% revenue share, with increasing exploration and production activities.

1,2,4-triazine is the fastest-growing category, driven by its rising consumption in pharmaceuticals, pesticides, and agriculture.

The agriculture sector is projected to witness the highest CAGR, with triazine used as a weed control agent in major crops like wheat and corn.

The rise in global oil consumption and regulatory requirements on sulfur content in fuels are further boosting the demand for triazine in the oil and gas industry.

The increasing concerns over formaldehyde emissions are posing a challenge to market growth, especially with VOCs linked to human health risks.

Product Code: 12118

Chapter 1. Research Background

1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
- 1.3.1 Market Segmentation by Type
- 1.3.2 Market Segmentation by Product
- 1.3.3 Market Segmentation by End Use
- 1.3.4 Market Segmentation by Region
1.4 Analysis Period
1.5 Market Data Reporting Unit
- 1.5.1 Volume
- 1.5.2 Value
1.6 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research
- 2.1.1 Paid
- 2.1.2 Unpaid
- 2.1.3 P&S Intelligence Database
2.2 Primary Research
- 2.2.1 Breakdown of Primary Research Respondents
  - 2.2.1.1 By region
- 2.2.2 By industry participant
- 2.2.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Industry Outlook

4.1 Voice of Industry Experts/ KOLs
4.2 Definition of Market Segments
- 4.2.1 By type
- 4.2.2 By Product
  - 4.2.2.1 Monoethanolamine (MEA)
  - 4.2.2.2 Monomethylamine (MMA)
  - 4.2.2.3 Others
- 4.2.3 By End Use
  - 4.2.3.1 Medical
  - 4.2.3.2 Agriculture
  - 4.2.3.3 Chemical
  - 4.2.3.4 Oil & gas
  - 4.2.3.5 Others
4.3 Value Chain Analysis
4.4 Market Dynamics
- 4.4.1 Trends
  - 4.4.1.1 Growing mergers and acquisitions
- 4.4.2 Drivers
  - 4.4.2.1 Increasing application in petrochemical industry
  - 4.4.2.2 Increasing application in medical industry
  - 4.4.2.3 Increasing application in agrochemicals
  - 4.4.2.4 Impact analysis of drivers on market forecast
- 4.4.3 Restraints
  - 4.4.3.1 Increasing concerns about formaldehyde emissions
  - 4.4.3.2 Impact analysis of restraints on market forecast
4.5 Regulation Analysis
4.6 Production Process Analysis
4.7 Impact of COVID-19 on Global Triazine Market
- 4.7.1 COVID-19 Impact on Triazine Market
4.8 Porter's Five Forces Analysis
- 4.8.1 Bargaining Power of Buyers
- 4.8.2 Bargaining Power of Suppliers
- 4.8.3 Intensity of Rivalry
- 4.8.4 Threat of New Entrants
- 4.8.5 Threat of Substitutes

Chapter 5. Global Market Size and Forecast

5.1 Overview
5.2 By Type
5.3 By Product
5.4 By End Use
5.5 By Region

Chapter 6. North America Market Size and Forecast

6.1 Overview
6.2 By Type
6.3 By Product
6.4 By End Use
6.5 By Country

Chapter 7. Europe Market Size and Forecast

7.1 Overview
7.2 By Type
7.3 By Product
7.4 By End Use
7.5 By Country

Chapter 8. APAC Market Size and Forecast

8.1 Overview
8.2 By Type
8.3 By Product
8.4 By End Use
8.5 By Country

Chapter 9. LATAM Market Size and Forecast

9.1 Overview
9.2 By Type
9.3 By Product
9.4 By End Use
9.5 By Country

Chapter 10. MEA Market Size and Forecast

10.1 Overview
10.2 By Type
10.3 By Product
10.4 By End Use
10.5 By Country

Chapter 11. Major Markets

11.1 U.S. Market
- 11.1.1 By Type
- 11.1.2 By Product
- 11.1.3 By End Use
11.2 Germany Market
- 11.2.1 By Type
- 11.2.2 By Product
- 11.2.3 By End Use
11.3 China Market
- 11.3.1 By Type
- 11.3.2 By Product
- 11.3.3 By End Use
11.4 Brazil Market
- 11.4.1 By Type
- 11.4.2 By Product
- 11.4.3 By End Use
11.5 Saudi Arabia Market
- 11.5.1 By Type
- 11.5.2 By Product
- 11.5.3 By End Use

Chapter 12. Competitive Landscape

12.1 List of Players and Their Offerings
12.2 Market Share Analysis of Key Players
12.3 Product Benchmarking of Key Players
12.4 Strategic Developments in the Market
- 12.4.1 Mergers and Acquisitions
- 12.4.2 Facility Expansions
- 12.4.3 Other Developments

Chapter 13. Company Profiles

13.1 Ashland Global Holdings Inc.
- 13.1.1 Business Overview
- 13.1.2 Product and Service Offerings
- 13.1.3 Key Financial Summary
13.2 Baker Hughes Company
- 13.2.1 Business Overview
- 13.2.2 Product and Service Offerings
- 13.2.3 Key Financial Summary
13.3 BASF SE
- 13.3.1 Business Overview
- 13.3.2 Product and Service Offerings
- 13.3.3 Key Financial Summary
13.4 Foremark Performance Chemicals
- 13.4.1 Business Overview
- 13.4.2 Product and Service Offerings
13.5 Dow Inc.
- 13.5.1 Business Overview
- 13.5.2 Product and Service Offerings
- 13.5.3 Key Financial Summary
13.6 Eastman Chemical Company
- 13.6.1 Business Overview
- 13.6.2 Product and Service Offerings
- 13.6.3 Key Financial Summary
13.7 Evonik Industries AG
- 13.7.1 Business Overview
- 13.7.2 Product and Service Offerings
- 13.7.3 Key Financial Summary
13.8 Haihang Commercial Holding Co. Ltd.
- 13.8.1 Business Overview
- 13.8.2 Product and Service Offerings
13.9 Hexion Inc.
- 13.9.1 Business Overview
- 13.9.2 Product and Service Offerings
13.10 Stepan Company
- 13.10.1 Business Overview
- 13.10.2 Product and Service Offerings
- 13.10.3 Key Financial Summary